Welcome to the Diamond Dealers Club of South Africa
The membership of the Diamond Dealers Club of South Africa comprises almost 200 of South Africa’s leading diamond manufacturers, dealers in diamonds and precious stones, and jewellers.
Why should you deal with a member of the Diamond Dealers Club?
- They employ stringent guidelines in screening applicants for membership, ensuring that they are knowledgeable, ethical, financially secure, and fully ensured.
- For many years the Diamond Dealers Club has been a leading and active member of the World Federation of Diamond Bourses, who:
- Meet regularly to discuss the trade and its problems;
- Meet with international leaders, gem laboratories and the D.T.C. in the interests of the trade;
- Prescribes rules of conduct internationally for members, e.g. compulsory disclosure of treated diamonds, diamond simulants and synthetic coloured gemstones; circulates information on member suspensions and expulsions internationally.
- The Diamond Dealers Club monitors members’ conduct and provides arbitration and disciplinary proceedings, which may be brought against members for breach of conduct or ethics, thus safeguarding the honour and the integrity of the industry.
- The Diamond Dealers Club members form a vast network for the supply of diamonds, precious stones and jewellery of all possible varieties, while the Club keeps members informed of the latest development in simulants, synthetics and treated stones.
- The Diamond Dealers Club members receive legal advice from a labour consultant and assistance from its Secretariat.
- The Diamond Dealers Club is the high court of “Mazal and Bracha”
WHAT DOES THIS MEAN FOR YOU?
It means that you can benefit by dealing with a Member of the Diamond Dealers Club of South Africa, and be assured of:
- Ethical and honest conduct
- Accountability in case of grievances
- Prestige of its Members, due to strict control and criteria
- Confidence (the fifth “C”)
Ask your supplier if they are a Member of the Club. If they are, you can do business with confidence.
The word “diamond” is derived from the Greek word “adamas” which means indestructible, or unconquerable. And diamonds are exactly that – having a history that spans billions of years and one that is steeped in mystery, power, beauty, wealth and spirit.
The ancient Greeks believed that diamonds were the tears of the gods. Powerful stones that have for millennia affected the heavens, and the hearts of millions, let’s take a look at their interesting history:
3.3 BILLION BCDiamonds are formed under intense heat and pressure deep within the Earth’s crust. They are the hardest natural substance known to man. Made from pure carbon, a diamond can produce more brilliance than any other gemstone on earth. On average 250 tonnes of ore must be mined in order to produce a single carat gem quality polished diamond – a true testament to its rarity.
2500 BCFirst diamond is sighted in India as alluvial deposits along the rivers of Penner, Krishna and Godavari. Initially, these rough diamonds were not valued for their brilliance as they are today, instead these were known to be extremely hard, early tales describing it as indestructible, and were used in tools of that era. The Indian alluvial deposits were virtually the only source of diamonds for centuries yielding some world famous stones including The Great Mogul and the Koh-i-Noor.
322 BCDiamonds first used as decoration. Diamonds appeared in Europe as a decoration for royalty in the form of jewellery reserved only for Kings because they stood for strength, courage and invincibility.
1330Diamond cutting is established as industry. The earliest diamond cutting industry is believed to have started in Venice, Rome. The earliest form of diamond cutting is the point cut, with eight symmetrical facets in the shape of an octahedron.
1477First diamond given as an engagement ring. The Archduke Maximillian of Austria proposed to his wife to be with a diamond ring symbolising. It was worn on the 3rd finger of the right hand, against a specific vein that goes directly to the heart.
1660Diamonds worn as a symbol of wealth. From 1600 – 1750 diamonds symbolised ultimate wealth and prosperity in Europe among men and women. During that period, India and Brazil were the only known source of diamonds.
1867South Africa’s first diamond, later named the Eureka, was discovered on the banks of the Orange River near Hopetown by 15-year-old Erasmus Jacobs. He was on his father’s Northern Cape farm at the time and a pretty transparent rock caught his eye. A neighbour later identified this ‘rock’ as a diamond.
1870s – 1880sThese decades saw a massive increase in mining in Kimberley, which soon accounted for 95% of all the world’s diamonds, as well as fierce competition between two British prospectors Cecil John Rhodes and Barney Barnato.
1888 – 1889Cecil John Rhodes bought out Barney Barnato with the biggest cheque ever issued at the time and launched De Beers Consolidated Mines, a company that grew to hold global monopoly over the diamond industry for many years.
1905The largest gem-quality diamond ever found (3106 carats) was discovered at the Premier Mine; the stone was named The Cullinan in honour of Sir Thomas Cullinan, the founder of the mine.
1919Gemologist and engineer Marcel Tolkowsky transformed the diamond cutting industry with the development of the ideal, or modern round brilliant cut. This benchmark shape was designed on mathematical principles ensuring the proportions were just right so that white light reflects through the top of the diamond and sparkle is not lost.
1927German-born industrialist and financier Sir Ernest Oppenheimer, who founded the Anglo American Corporation of South Africa, took over De Beers.
1939The ‘Four Cs’ diamond grading system was established by the Gemological Institute of America (GIA). This universal classification scheme assesses the quality of these stones based on cut, colour (the presence or absence of a yellow/brown tint), clarity (the presence or absence of inclusions and imperfections) and carat-weight.
1947The Diamond Dealers Club of South Africa is established, ensuring the fifth “C” – confidence – in the South African diamond industry is instilled.
HOW TO BECOME A MEMBER
To become a Diamond Dealers Club of South Africa member simply download the application form, fill it in and send it back to firstname.lastname@example.org